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This New Crypto Is A Global Sensation For Its 5000X Potential As Market Majors Stall

Esra Zuhal
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0
This New Crypto Is A Global Sensation For Its 5000X Potential As Market Majors Stall

The latest developments in the high-profile Ripple vs. SEC case have significantly influenced the cryptocurrency market. Following a ruling by a New York judge favouring the SEC’s request for Ripple’s financial statements. The court’s decision has had a profound impact on the crypto market, notably affecting the Bitcoin price rally.

Amidst this period of uncertainty, investors within the crypto sphere are seeking refuge in a new cryptocurrency inspired by Bitcoin, known as BlockDAG(BDAG) for potential 5000x profits.

Why Investors Seek Refuge In BlockDAG?

Inspired by Bitcoin, BlockDAG promises to address the shortcomings of Bitcoin and offer users enhanced capabilities. Like Bitcoin, BlockDAG operates on a Proof of Work (PoW) protocol. However, BlockDAG’s advancements ensure that its layer one blockchain can process 10 blocks per second, whereas Bitcoin’s average block time remains 10 minutes.

Traditional cryptocurrency mining often requires substantial energy consumption. This has led many renowned cryptocurrencies to adopt Proof of Stake (PoS) protocols. Despite criticism from environmentalists, Bitcoin persists with PoW. However, BlockDAG has successfully advanced the PoW protocol, making mining less energy-intensive. The expert development team behind BlockDAG proudly asserts that users can mine BlockDAG’s native token, BDAG, simply by using their mobile devices. They further promise that this process will not impact the mobile device’s battery life, let alone energy consumption.

These futuristic advancements have drawn attention to BlockDAG as a potential alternative to Bitcoin. The overwhelming interest of investors is evident in BlockDAG’s Batch 1 presale, which raised over one million dollars in 24 hours. The Batch 2 presale process has now commenced, accompanied by an impending 2 million dollar giveaway. With only 20% of the total tokens allocated for presale, investors are eagerly competing to secure their share of BDAG coins. During these uncertain times, investing wisely in BlockDAG’s presale offers an opportunity to escape volatility and capitalise on potential profits in the tune of more than 5000x.

Invest In BlockDAG Presale:

Website

Presale

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Disclaimer: This article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Top 7 Crypto Marketing Agencies For 2024

Esra Zuhal
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0
Top 7 Crypto Marketing Agencies For 2024

In the realm of cryptocurrencies, every move towards successful advertising and project promotion holds immense significance. In 2024, choosing the right crypto marketing agency can be the determining factor in achieving your project goals. We’ve curated the top 6 agencies that have earned trust and recognition in this dynamic industry. From strategic planning to executing creative ideas, each of these agencies represents a reliable partner for successful promotion in the world of cryptocurrencies.

How We Selected the Top Crypto Marketing Agencies

In our quest to identify the top crypto marketing agencies, we embarked on a rigorous evaluation process to ensure that only the most proficient and reputable firms made it to our list. Our methodology encompassed various criteria, ranging from industry expertise to client satisfaction, enabling us to curate a selection of agencies that excel in navigating the complexities of the crypto market.

  • Industry Research: We embarked on a comprehensive exploration of the crypto marketing landscape, identifying key players and emerging trends.
  • Campaign Performance Analysis: We meticulously examined past campaigns executed by various agencies, gauging their effectiveness and impact.
  • Client Feedback Assessment: We sought insights from clients who have previously worked with these agencies, gathering feedback on their experiences and satisfaction levels.
  • Strategic Approach Evaluation: We analyzed the strategic methodologies employed by each agency, focusing on their ability to adapt to the rapidly evolving crypto market.
  • Team Expertise and Technological Capabilities: We scrutinized the expertise of the teams behind these agencies, as well as their technological capabilities and proficiency in leveraging cutting-edge tools and platforms.
  • Reputation Assessment: We considered the reputation of each agency within the crypto community, taking into account factors such as credibility, reliability, and trustworthiness.

List of the Top 7 Crypto Marketing Agencies

NinjaPromo

Ninjapromo emerges as a leading force in the realm of crypto marketing, renowned for its innovative methodologies and holistic approach. Through a blend of content creation, community involvement, precise social media advertising, influencer partnerships, PR campaigns, and SEO strategies, Ninjapromo offers a multifaceted solution to propel your ventures forward. Whether it’s navigating the complexities of ICOs, DeFi projects, STOs, or venturing into the realm of NFTs, Ninjapromo ensures that your endeavors are expertly managed, promising successful outcomes amidst the dynamic landscape of the crypto market.

At the core of Ninjapromo’s ethos lies a commitment to excellence and a relentless pursuit of success for their clients. Their team’s proficiency and unwavering dedication equip your projects with the tools necessary to not just survive but thrive in the digital domain. By partnering with Ninjapromo, you gain access to a wealth of experience and resources aimed at expanding your reach, engaging broader audiences, and achieving unprecedented growth. In a world where the crypto market is constantly evolving, Ninjapromo stands as your reliable ally, guiding you through every twist and turn to ensure your ventures emerge victorious.

Mooning

Mooning stands as a trailblazing marketing agency within the cryptocurrency realm, offering a myriad of specialized services designed for the digital landscape. With an experienced team well-versed in blockchain and decentralized technologies, Mooning is positioned to provide progressive solutions tailored to the needs of its clients.

Going beyond traditional marketing methods, Mooning leads the way in innovation, continuously producing impactful outcomes. Partnering with Mooning grants businesses access to cutting-edge strategies and a proven track record of success, enabling their projects to flourish within the ever-evolving digital ecosystem. With Mooning’s expertise, your cryptocurrency ventures are poised for remarkable growth and recognition.

Coinbound

Coinbound is a leading marketing agency specializing in the cryptocurrency and blockchain industry, focusing on developing and implementing innovative strategies to promote projects in this space. Their team of experts possesses a deep understanding of the cryptocurrency market and blockchain technology, enabling them to offer clients highly effective solutions to achieve their marketing and promotional goals. Coinbound’s services include content marketing, social advertising, community engagement, influencer partnerships, and more. With their expert approach and proven track record, Coinbound serves as a reliable partner for companies looking to expand their audience and achieve impressive results in the world of cryptocurrency technologies.

MarketAcross

MarketAcross holds a significant position in the realm of blockchain public relations and marketing. Offering comprehensive promotional solutions, the agency leverages strong relationships with influential editors and writers to maximize effectiveness. Whether crafting a strategy from the ground up or refining an existing one, MarketAcross excels at pinpointing and rectifying areas of weakness.

Through collaborative efforts with C-level executives, MarketAcross endeavors to elevate leadership profiles and media visibility via ghostwriting services. Prioritizing the cultivation of an authentic and favorable reputation within the crypto community, the MarketAcross team adeptly handles and mitigates any adverse feedback that may arise. With a commitment to excellence and a proactive approach to reputation management, MarketAcross ensures its clients remain positioned for success in the competitive blockchain landscape.

Crowdcreate

Crowdcreate is a recognized leader in the field of cryptocurrency and blockchain marketing. Their approach is based on innovation and cutting-edge strategies, such as active community engagement, collaboration with influential figures, and the use of modern advertising methods on social networks. Crowdcreate develops individual marketing strategies for each project, ensuring significant growth and successful outcomes in the dynamic environment of the cryptocurrency market.

Coinpresso

Coinpresso emerges as a standout crypto digital marketing agency driven by a team of seasoned specialists. Despite its newcomer status, Coinpresso swiftly garnered acclaim as a leading crypto marketing firm, particularly excelling in SEO, SEM, and content marketing. Their expert team seamlessly integrates profound knowledge of both cryptocurrency and digital marketing to devise bespoke strategies tailored to clients’ requirements.

At the heart of Coinpresso’s methodology lies a click funnel concept, leveraging their extensive expertise in search engine optimization and marketing. Despite their relative novelty in the field, Coinpresso’s SEO and content production case studies rank among the industry’s finest. With an unwavering commitment to excellence and a proactive stance on industry trends, Coinpresso proves itself a formidable contender in the realm of crypto marketing.

Blockwiz

Blockwiz adopts a comprehensive strategy towards cryptocurrency marketing, providing a range of services within the USA that encompass social media management, content development, and strategic consultation. Backed by a team of experienced specialists, Blockwiz strives to propel your project towards success, utilizing cutting-edge trends and industry insights to maximize impact and reach within the crypto community.

Moreover, Blockwiz goes beyond traditional marketing approaches, offering tailored solutions that cater to the unique needs and goals of each client. Whether you’re launching a new cryptocurrency, promoting a blockchain project, or seeking to enhance your digital presence, Blockwiz is committed to delivering personalized strategies that drive tangible results in the ever-evolving landscape of crypto marketing.

Conclusion

Successful promotion of projects in the cryptocurrency and blockchain sphere necessitates a comprehensive and innovative approach to marketing. In today’s digital landscape, where competition is fierce and technologies are constantly evolving, it is crucial to turn to specialists who possess deep knowledge in this field. Whether you are a startup, an established enterprise, or an investor, choosing an agency specializing in cryptocurrency marketing can be a determining factor in the success of your project. Such agencies have expertise and profound insights into market dynamics, enabling them to develop tailored strategies that align with the unique needs and goals of each client. 

Disclaimer: This article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Leading US Exchange Launches One-Click XRP Investment Solution

Abdulkarim Abdulwahab
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0
Leading US Exchange Launches One-Click XRP Investment Solution

Uphold, a leading American exchange, has introduced a new service designed for XRP enthusiasts, facilitating the creation of XRP portfolios with a single click for seamless investment.

The U.S.-based platform communicated the development via its official blog and X account. The newly launched one-click XRP investment solution is dubbed “Uphold Baskes.”

Uphold Baskes

According to the notification, Uphold Baskets aims to simplify the complexities of creating a robust crypto portfolio. Uphold cited that traditionally, crypto enthusiasts must navigate thousands of options to craft a robust and diverse portfolio. 

In response to this challenge, the exchange introduced Uphold Baskets, providing a one-click solution for strategic portfolio diversification.

In particular, Uphold Baskets are carefully curated assortments of cryptocurrencies. It categorizes assets according to different market sectors, allowing users to diversify their investments efficiently across multiple cryptocurrencies.

According to Uphold, this approach reduces risk and enhances the potential for returns. Moreover, the exchange underscored that the magic occurs with just one click. 

Buying XRP In a Diversified Portfolio 

At this initial launch stage, Uphold unveiled a diversified portfolio tailored to XRP enthusiasts. Specifically, it has a basket named the “Big Three,” featuring Bitcoin (BTC), Ethereum (ETH), and XRP.

Furthermore, other baskets offered at this initial launch stage encompass tokens representing crypto sectors categorized under infrastructure and “Future Blockchains.”

In the infrastructure basket, coins such as ETH Avalanche (AVAX), Cosmos (ATOM), Polkadot (DOT), Chainlink (LINK), and Quant (QNT) are included.

In the “Future Blockchains” basket, featured coins comprise Kaspa (KAS), Constellation (DAG), Solana (SOL), Aleph Zero (AZERO), and Near (NEAR).

Uphold highlighted that this new service is accessible to all of its users. The firm emphasized that with as little as $100, Uphold Baskets enables anyone to embark on their journey towards establishing a diverse and balanced crypto portfolio.

Furthermore, the exchange highlighted that when utilizing Uphold Baskets to acquire assets, each purchased asset will appear individually in the user’s portfolio. 

Meanwhile, users must initiate individual trades for each asset to sell assets acquired through Uphold Baskets. 

Top Analyst Asserts XRP to Outperform Bitcoin, Predicting 1,184% Surge to $7

Abdulkarim Abdulwahab
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0
Top Analyst Asserts XRP to Outperform Bitcoin, Predicting 1,184% Surge to $7

Prominent crypto analyst EGRAG has expressed unwavering confidence in XRP outperforming Bitcoin and reaching lofty heights such as $7 this bull season.

In a recent post on X, EGRAG called attention to his unwavering conviction that the price of XRP relative to Bitcoin would reach an unprecedented all-time high.

While the XRP/BTC chart currently has a price of 0.00001068, the analyst maintains that it could reach 0.000137. 

XRP Outperforming Bitcoin

Given the current XRP/BTC rate of 0.00001068, alongside XRP’s value at $0.5449 and BTC at $51,100, EGRAG’s target of 0.000137 suggests an XRP value of $7. This price target suggests that BTC could remain around the $50k range while XRP rallies 1,184% to $7.

The analyst’s recent update builds upon earlier assessments where he outlined negative and positive scenarios for XRP in the event of Bitcoin reclaiming the $50k territory.

However, in his latest update, he blamed himself for foreseeing worst-case scenarios that ultimately unfolded.

Meanwhile, the analyst voiced confidence that XRP is mirroring the pattern it followed in 2017. Historical data indicated that during late 2017 and early 2018, XRP underwent remarkable growth, surpassing Bitcoin by a significant margin. 

Specifically, XRP surged by 1,550% within five weeks from $0.2326 to an unprecedented peak of $3.84 in January 2018. In contrast, Bitcoin only experienced a 40% increase, rising from approximately $10,000 to $14,000 during the same timeframe.

While the analyst anticipates XRP replicating a similar surge soon, he also acknowledges the potential for a temporary bump followed by another significant decline. However, he believes this could pave the way for the commencement of the ultimate bullish rally.

Furthermore, EGRAG offered encouragement to XRP holders amidst repeated bullish forecasts that have yet to materialize. He remarked:

“XRP Army, I know it’s a dredging road, but the end will be glorious. Keep the faith.”

Besides, a crypto market participant asked EGRAG about his optimistic price prediction for XRP during this cycle’s blow-off top. He responded that $27 is feasible.

Ripple CTO Says Other Projects Using XRP is Beneficial for XRP Because It Bolsters Demand

Abdulkarim Abdulwahab
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0
Ripple CTO Says Other Projects Using XRP is Beneficial for XRP Because It Bolsters Demand

Ripple CTO David Schwartz has emphasized that other projects using XRP benefit the asset by bolstering its demand.

The commentary came during a recent exchange on X. It was sparked by an XRP enthusiast, “Dark Horse,” who sought clarification regarding the benefits projects like The Root Network bring to XRP.

At the core of Dark Horse’s inquiry was speculation that Futureverse, a crypto project related to the metaverse and gaming, could be an ODL partner of Ripple. He questioned whether Ripple supplies XRP to Futureverse for use as gas tokens in their project, The Root Network, and what implications this holds for XRP holders.

Dark Horse envisioned a scenario where, despite limitations on XRP sales imposed by ODL contracts, leveraging The Root Network for transactions could still lead to increased trading volume. 

Essentially, he sees consequent inflationary pressures on XRP’s price rather than a benefit to the XRP ecosystem.

Ripple CTO Reacts

In response, Ripple’s CTO David Schwartz clarified that when a project chooses to utilize XRP as a token rather than creating its own, it benefits XRP. He emphasized that this decision enhances both the demand for and the utility of XRP

Furthermore, Schwartz drew comparisons, highlighting that this process is not fundamentally different from an exchange listing or a business adopting a token as a form of payment.

Notably, when a token gets listed on more exchanges, it typically increases accessibility and exposure to potential buyers and traders.

Similarly, when a business adopts a token for transactions, it contributes to its utility and legitimizes its use as a medium of exchange. This, in turn, can foster broader acceptance and usage of the token.

Clarification about Futureverse’s Relationship with Ripple

Meanwhile, in response to Dark Horse’s speculation about whether Futureverse is Ripple’s ODL partner, prominent XRP figure Panos Mekras provided clarification.

Mekras emphasized that Futureverse operates on a separate chain while Ripple’s ODL, now known as Ripple Payments, is a service for cross-border payments—indicating they are entirely unrelated.

Furthermore, Mekras highlighted that Futureverse has no affiliation with XRPL either. He explained that they simply utilize wrapped XRP as a gas token on their chain.

Crypto Exchange Kraken Asks Court to Dismiss SEC Lawsuit 

Lele Jima
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0
Crypto Exchange Kraken Asks Court to Dismiss SEC Lawsuit 

Kraken files motion to dismiss SEC’s lawsuit. 

Leading crypto exchange Kraken has asked a federal judge to dismiss the lawsuit brought against it by the Securities and Exchange Commission (SEC). 

Background of the Case 

For the uninitiated, the SEC last year charged Payward and Payward Ventures, operating as Kraken, with operating as an unregistered securities exchange and clearing agency.  

The commission alleged that Kraken facilitates the trading of crypto assets, deemed as securities, including MATIC, ADA, SOL, CHZ, FIL, ATOM, and ALGO, among others. 

It bears mentioning that the SEC’s lawsuit comes several months after the exchange settled with the regulator for $30 million over offering a staking feature deemed to be securities. 

While many thought the settlement would mark the end of the SEC’s enforcement action against Kraken, the regulator charged the exchange again in November 2023, alleging that it facilitated the trading of unregistered securities. 

Kraken Motion to Dismiss 

Unlike the first enforcement action, Kraken refused to back down, as it recently filed a motion to dismiss the SEC case. 

Per a motion filed in the United States District Court for the Northern District of California on February 22, Kraken argued that the crypto assets listed in the SEC’s complaint do not qualify as securities under existing regulations. 

“The SEC does not allege that digital asset issuers entered into contracts with or undertook post-sale obligations to Kraken’s customers. In fact, the SEC alleges no relationship at all between the 11 issuers and Kraken’s customers,” Kraken said. 

In addition, Kraken slammed the SEC for failing to provide clear guidance on how the crypto industry should be regulated. It contended that it cannot be held accountable for violating securities laws without specific regulation for cryptos. 

Furthermore, Kraken argued that the SEC is overstepping its jurisdiction and imposing outdated regulatory frameworks on an evolving industry like crypto. 

Also, it cited other legal precedents where court rulings have favored exchanges, highlighting inconsistencies in regulatory interpretations. 

Meanwhile, the exchange failed to address the SEC’s allegations that it commingled its customers and corporate funds, a practice prohibited under federal securities laws. 

Notably, the SEC is expected to file an opposition to Kraken’s motion to dismiss in the coming weeks. Afterward, Kraken will also file a reply to the opposition.

Top Shiba Inu Developer Suggests Something Exciting Is Coming  

Lele Jima
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0
Top Shiba Inu Developer Suggests Something Exciting Is Coming  

The Shiba Inu community has been drawn to a cryptic post from top developer Kaal Dhairya, hinting at the potential announcement of something exciting.   

Kaal Dhairya, Shiba Inu’s top developer, has stirred excitement among SHIB holders following his recent cryptic post on the X/Twitter platform. 

The post, which reads “Fun begins now,” gave SHIB holders the notion that the Shiba Inu ecosystem could be preparing to roll out something big or make a major announcement. 

SHEboshi Sold Out in Minutes 

It bears mentioning that Dhairya shared the cryptic message while reacting to a post from the official X account of SHEboshi confirming that the tokens have sold out. 

Recall that SHEboshi sold out three to five minutes after the team made the token available to holders of Doge Killer (LEASH). These investors hurriedly minted the SHEboshi tokens without leaving any portion for the public sale. 

Reacting, the SHEboshi X account thanked the community for their amazing support while revealing that it has started adding liquidity on UniSwap. 

For context, the Shiba Inu team introduced the community to SHEboshi earlier this month, describing the token as an experiment that will usher in a new era for NFTs. 

According to the announcement, SHEboshi leveraged the DN404/ERC-404 standard, combining the best features from ERC-20 and ERC-721 standards on Ethereum. 

The minting process was divided into three tiers. As reported earlier, the first claim, which lasted 48 hours, allowed existing Shiboshi holders to claim SHEboshi at zero cost. 

The team prioritized LEASH holders for the second minting phase, giving them the opportunity to purchase each SHEboshi token at 0.05 ETH within a 24-hour window. 

Lastly, a third phase of the minting was initially planned to be available to the general public, which would run until all SHEboshis were sold. However, LEASH holders minted all SHEboshi tokens instantly without allowing the minting process to continue into the third phase. 

SHEboshi Now Tradeable on Exchanges as Team Issues New Warnings 

Crypto investors can now trade SHEboshi on OpenSea, UniSwap, and ShibaSwap. Interestingly, a UAE-based crypto exchange, CoinW, also listed SHEboshi on its platform yesterday, marking the first centralized exchange listing for the DN404 token. CoinW also announced a $5,000 worth of SHEboshi giveaway to celebrate its listing. 

In the meantime, the team issued multiple warnings to the community shortly after SHEboshi sold out. Users were urged to exercise caution and desist from connecting their wallets to suspicious platforms in search of SHEboshi airdrops. 

Here’s How Much Your 100M, 500M or 1B Shiba Inu Will be Worth if SHIB Hits $0.0001 or $0.001

Sam Wisdom Raphael
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Here’s How Much Your 100M, 500M or 1B Shiba Inu Will be Worth if SHIB Hits $0.0001 or $0.001

As Shiba Inu investors anticipate a price surge that could see their holdings skyrocket in value, here is how much some investments would be worth if SHIB clinches price targets such as $0.0001 and $0.001.

Shiba Inu has continued to face resistance at the $0.00001 price territory amid a sustained rollercoaster ride. The asset has been on a downward slope since it peaked at $0.00000997 on Feb. 20. However, some investors have leveraged this opportunity to accumulate more tokens at a discount.

The rationale behind this increased “buy-the-dip” accumulation trend is the confidence among market participants that Shiba Inu would eventually recover above $0.00001. Some proponents even expect loftier price targets, with projections of surges to $0.0001 and $0.001.

Should Shiba Inu reach any of these targets, SHIB investors could finally witness a massive rise in the worth of their respective investments. This article assesses the potential worth of some tiers of investments at these ambitious price targets.

How Much 100M, 500M or 1B Shiba Inu Will be Worth at $0.0001 and $0.001

Investors holding 100 million SHIB tokens are currently sitting on $953 worth of assets at Shiba Inu’s current price of $0.00000953. If the cryptocurrency records a price surge to $0.0001, these 100 million tokens would be worth $10,000. In addition, a price increase to $0.001 would see the worth of these tokens soar to $100,000.

Some investors with greater appetites have already amassed 500 million SHIB in as they anticipate these price surges. The 500 million SHIB, currently worth $4,765, would skyrocket to $50,000 if Shiba Inu ever breaks the $0.0001 price level.

If these investors continue to HODL their 500 million tokens to a $0.001 price, the worth of the assets would increase by an additional 10x, bringing their investment to $500,000. This would represent a ROI of 10,393% from the current $4,765 worth, translating to a profit of over $495K.

Meanwhile, shark investors with up to 1 billion Shiba Inu tokens could witness the largest profits if SHIB ever reaches $0.0001 or $0.001. The 1 billion tokens are currently valued at $9,530. This worth could rise to $100,000 if SHIB hits $0.0001 and $1,000,000 at a Shiba Inu price of $0.001.

While these projections present exciting valuations, it is important to approach them with caution. There is no guarantee that Shiba Inu can surge 949% to $0.0001 or 10,393% to $0.001. As a result, investors should not take this assessment as investment advice, but carry out proper research before making any investments.

Ripple Admired by Bitcoin Founder Satoshi, Recently-Released 2009 Emails Confirm

Abdulkarim Abdulwahab
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0
Ripple Admired by Bitcoin Founder Satoshi, Recently-Released 2009 Emails Confirm

An email exchange dating back to 2009 with Bitcoin founder Satoshi Nakamoto has proved his commendation and praise for the Ripple project.

Satoshi Praising Ripple

Martti Malmi, a Bitcoin developer between 2009 and 2011, recently published personal communications with the Bitcoin founder back in 2009, containing words of commendation from Satoshi to Ripple.

In the email correspondence, the Bitcoin developer discussed various aspects of Bitcoin with Satoshi Nakamoto. The developer inquired about the inflation schedule, the total number of coins, denominations, and the possibility of fractional bitcoins.

Satoshi Nakamoto responded by explaining the scalability of Bitcoin, its potential to handle a large number of transactions, and the absence of the necessity for fees in the near future.

While discussing these technical aspects, the Bitcoin developer brought Ripple into the conversation, having recognized the project as a similar revolutionary idea. Specifically, Malmi stated he would love to hear Satoshi’s thoughts on Ripple.

On this basis, Satoshi Nakamoto expressed admiration for Ripple, describing it as an “interesting” project. Moreover, he remarked that Ripple is “the only other system that does something with trust besides concentrating it on a central server.”

Satoshi comment on Ripple
Satoshi’s comment on Ripple

Another individual, Martien van Steenbergen, inquired about Satoshi’s familiarity with the Ripple project. Satoshi responded by noting that, in terms of trust systems, Ripple stands out for its unique approach of dispersing trust rather than centralizing it. In his words:

“As trust systems go, Ripple is unique in spreading trust around rather than concentrating it.”

Satoshi Didn’t Praise XRP

Notably, some members of the XRP community have occasionally misconstrued Satoshi’s 2009 comment about Ripple, assuming it as praise for XRP. 

However, it is essential to note that Satoshi’s commentary predated the creation of XRP by three years.

Specifically, Satoshi’s 2009 comment pertained to the original Ripple protocol known as ‘RipplePay,’ which was initiated in 2004 by software engineer Ryan Fugger. This early project served as the foundation and inspiration for the creators of the XRP Ledger (XRP).

Shiba Inu SHEboshi Gets First Exchange Listing

Lele Jima
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0
Shiba Inu SHEboshi Gets First Exchange Listing

Shiba Inu’s SHEboshi token gets its first exchange listing less than a day after it sold out. 

The official X account of Shiba Inu has called attention to a vital feat achieved by SHEboshi (SHEB), a DN404 token combining the capabilities of ERC-20 and ERC-721 standards on Ethereum. 

SHEboshi Gets First Exchange Listing 

According to an announcement yesterday, SHEboshi secured its first exchange listing in less than 24 hours after it sold out. Notably, Dubai-based crypto exchange CoinW listed the token yesterday at 13:00 (UTC) under the trading pair SHEB/USDT. The DN404 token was launched in CoinW’s MEME & NFT arena. 

Despite opening SHEB’s trading yesterday, deposits and withdrawals of the token were halted until today, February 24, 2024, at 06:00 (UTC). 

CoinW Announces $5,000 SHEB Giveaway 

Interestingly, CoinW announced a $5,000 giveaway campaign to celebrate SHEB’s listing on its trading platform. Per the announcement, the giveaway event would run from February 23, 2024, at 13:00 (UTC) to March 1, 2024, at 16:00 (UTC). The promo was divided into three tiers. 

First Tier 

For the first tier, which has a prize pool of $1,000, new users who sign up on CoinW during the event must deposit a minimum of $50 worth of SHEB to participate in the exercise. 

Eligible users will receive a reward of $2 to $20 worth of SHEB. The rewards will be distributed on a first-come, first-served basis. 

Second Tier 

The second campaign is a trading competition requiring users to trade a minimum of $100 worth of SHEB during the event. All users who meet the minimum volume trading requirement will receive a portion of the prize pool worth $3,000 in SHEB. 

For the sharing ratio, CoinW will divide a user’s SHEB trading volume by the total SHEB trading volume during the event. Subsequently, the figure will be multiplied by $3,000 to get each individual reward. 

Third Promo 

Lastly, the last giveaway promo will feature a social media contest. Users who complete the second task and retweet the giveaway post on the “Quest N platform” will receive between $2 and $20 worth of SHEB. 

The total prize pool for this campaign is $1,000 USDT worth of SHEB. 

Shiba Inu Team Reacts 

Interestingly, the Shiba Inu team took to the X platform to celebrate the milestone, stating that SHEboshi is getting its first exchange listing less than a day after it sold out. It emphasized that nobody can resist the prowess of SHEboshi. 

Recall that SHEboshi shocked the crypto community yesterday after it sold out in minutes. This came after the team allowed Doge Killer (LEASH) holders to mint the tokens. 

According to data from CoinW, SHEB was changing hands at $636, up 113% over the past 24 hours. 

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